Oklahoma religious institutions received more than $84 million in PPP

December 21, 2020

Religious organizations — including faith-based universities and schools — in Oklahoma received almost $85 million in federal aid over the course of the pandemic.

 

According to a review by The Transcript of recently released data from the Small Business Administration, Oklahoma religious institutions received just over $84 million worth of Paycheck Protection Program loans. Oklahoma businesses in total received $3.76 billion in PPP funding.

 

The PPP loan has caused some controversy since it marks the first time the federal government has provided any kind of direct monetary assistance to untaxed religious institutions or houses of worship.

Source: Oklahoma religious institutions received more than $84 million in PPP - The Norman Transcript